Feb. 23, 2023
To whom it may concern, The proposed Order Competition Rule is critical in order to maintain a free and fair market. The current framework has allowed numerous parties (ie, broker-dealers, hedge funds, market makers) to increase profits at the expense of the retail investor and ultimately the credibility of the US market in its entirety. Banning PFOF and ensuring NBBO standards are upheld for all investors are two key points addressed here. I would also like to see further investigation into the disturbingly high number of Failure-To-Deliver (FTDs) plaguing the US market. This proposed rule will help lawmakers identify and prosecute those at fault, but enforcement will be necessary. Thank you for reading, Peter